Founded in 1973 as the Milwaukee Redevelopment Corporation, the Milwaukee Development Corporation has served as the business community’s not-for-profit civic developer. In 2003, Milwaukee Redevelopment Corporation became an affiliate organization of the Metropolitan Milwaukee Association of Commerce, changed its name to the Milwaukee Development Corporation (MDC) and expanded its mission to include more broad-based economic development initiatives throughout greater Milwaukee.
MDC initially provided private-sector leadership and financial support to revitalize downtown Milwaukee through the backing of 46 leading Milwaukee businesses. Its priority was stabilizing the retail district west of the Milwaukee River. The development focus was a $150 million venture that included the construction of the Hyatt Regency, the Henry Reuss Federal Plaza and the Grand Avenue.
Today, MDC continues to initiate and promote projects that support the Milwaukee community. MDC is active in the Pettit Ice Center, 30th St. Industrial Corridor, City of Milwaukee Downtown Stakeholders, Menomonee Valley Partners, and the W. Wisconsin Avenue Task Force.
MDC has also taken on a leadership role and is the operating entity for the Milwaukee 7 Regional Economic Development Partnership. The affiliation between MMAC and MDC strengthens both organizations’ ability to respond to retention, expansion and attraction opportunities that drive economic growth for the region. >>Learn more at ChooseMilwaukee.com.
Current Commitments IN Real Estate
Library Hill Apartments closed 2017 with 95% occupancy rates. In 2013, MDC refinanced the Library Hill project/property which provided additional capital to invest elsewhere in the community. This resulted in the formation of the Milwaukee Urban Strategic Investment Corporation (MUSIC).
>>LEARN MORE about MUSIC projects and investments
Board of Directors
Chairman: David Baumgarten
Treasurer: Frank Krejci
Strattec Security Corp.
Secretary: Timothy Sheehy
President: D. Patrick O’Brien
Milwaukee Development Corp.
Godfrey & Kahn
Foley & Lardner
The Marcus Corporation
RECENTLY COMPLETED PROJECTS
MDC was granted ownership of a land parcel in the Pabst redevelopment project that has now been converted to Preservation Park and will be turned over to the local business improvement district. The park is dedicated to Milwaukee’s rich brewing history.
Hover over each image for more details.
The redevelopment of west Wisconsin Avenue into the Hyatt Regency, Henry Reuss Federal Plaza and Grand Avenue was a large-scale boost to revitalize the downtown landscape. Today, the Shops at Grand Avenue foster important partnerships between the business community and the City of Milwaukee. MDC was the catalyst for the project, responsible for $16 million in stockholder equity.
Grand Avenue Mall, Henry Reuss Federal Plaza and Hyatt Regency
East Pointe Commons
Yankee Hill Housing
Milwaukee Center Theater District
Catalytic city-wide partnerships
- Milwaukee Urban Strategic Initiative Corporation (MUSIC)
- Pettit National Ice Center
- Wisconsin Avenue Milwaukee Development Corporation (WAM DC)
- Menomonee Valley Partners
- Mid-West Energy Research Consortium (M-WERC)
- Near West Side Partners (NWSP)